Automotive Start-Stop System Market Size

Automotive Start-Stop System Market size was valued at USD 37.4 Billion in 2023 and is set to cross USD 127.07 Billion by the end of 2036, registering more than 12.5% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of automotive start-stop system is estimated at USD 40 Billion. The growth of the market can primarily be attributed to the rising serious environmental impact of engine idling along with growing concern about the rising incidences of air pollution worldwide. The market is also being driven by the increased awareness of the harmful impacts of air pollution on both human health and the environment. Consumers are increasingly seeking vehicles that are more fuel-efficient and release fewer emissions as they become more aware of the environmental effects of their driving habits. The demand for automobiles with start-stop systems is increasing as a result. For instance, it was found that air pollution is responsible for more than 4 million deaths each year around the globe.

The automotive start-stop system shuts down and restarts the internal combustion engine automatically to reduce the amount of time the engine spends idling, thereby reducing fuel consumption and emissions. It is useful for vehicles that spend significant amounts of time waiting at traffic lights or frequently come to a stop in traffic jams. With the rising number of vehicles as well as surging production, the demand for automotive start-stop systems is on the rise amongst automobile manufacturers, which in turn, is expected to create massive revenue generation opportunities for the key players operating in the global automotive start-stop system market during the forecast period. For instance, global motor vehicle production grew by 3% in 2021.